NEW YORK, Mar. 17 (Korea Bizwire) — Nasdaq announced that Global X Funds will list a new exchange-traded fund (ETF), The Global X SuperDividend® REIT ETF (Symbol: SRET), which will begin trading on The Nasdaq Stock Market today.
“At a time of continued low interest rates, income-seekers are in need of alternative sources for yield,” said Bruno del Ama, Chief Executive Officer of Global X Funds. “Investors have come to rely on Global X to deliver innovative solutions for income, and we’re excited to be partnering with Nasdaq on SRET.”
SRET seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global SuperDividend®REIT Index. The fund will access 30 of the highest dividend yielding REITs in the world and includes features to reduce volatility. SRET strives to provide alternative income to diversify investor’s portfolios.
“Nasdaq is an organization built on innovation and Global X is bringing innovative products to market,” said Jeff McCarthy, Vice President, Head of ETP Listings at Nasdaq. “We are pleased to expand our relationship with Global X to launch SRET and appreciate their confidence in choosing the Nasdaq marketplace to list and trade ETFs.”
Nasdaq operates an efficient platform for successfully introducing a product suite into one of the single largest pools of liquidity, including market participants which represent a full spectrum of investors. ETF issuers benefit from an end-to-end solution that provides ongoing product support including index licensing, listings opportunities, data offerings and trading services. As the home to some of the world’s most innovative ventures, Nasdaq generates opportunities for issuers to access new markets and deliver new concepts that change the way the industry develops, manages and applies ETFs.
About Global X Funds:
Global X is a New York-based sponsor of exchange-traded funds (ETFs), offering access to investment opportunities across global markets. Founded in 2008, Global X is recognized by individual and institutional investors for its suite of income, international, commodity and alternative funds. With over 40 funds available across U.S. and foreign exchanges, Global X is one of the fastest growing issuers of ETFs. For more information, please visit www.globalxfunds.com.
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of over $9.1 trillion and more than 10,000 corporate clients. To learn more, visit http://nasdaq.com/ambition or http://business.nasdaq.com.
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CONTACT: Global X Funds Media Contact:
(212) 704-7385 (direct)
Nasdaq Media Contact:
+1 (212) 231-5552 (office)
+1 (646) 577-3157 (mobile)
Source: NASDAQ OMX Group via GLBOE NEWSWIRE